A public hearing is scheduled next month, to gather input on a plan by the City of Hillsdale to offer incentives to developers who build housing for working families. 

The City’s Economic Development Corporation has signed a purchase agreement with Green Development Ventures, of Portage, to buy the remaining lots in the Three Meadows Subdivision. 

The company has proposed building “workforce housing” on the remaining 25 acres of land. 

They’re asking for a Payment-In-Lieu-Of Taxes, or PILOT, agreement with the city. 

The agreement would allow the developer to make a prearranged payment, rather than pay property taxes on the land. 

However, the city will need to adopt a special ordinance to allow the agreement to be completed.. 

A public hearing on the ordinance is set for the July 17 council meeting. 

The City’s Communications Coordinator Sam Fry said the development is aimed at middle income working families. It’s not low income housing 

It’ll feature single family homes only–it will not include multi-unit housing. 

The EDC took control of the Three Meadows Subdivision several years ago, after the lots failed to sell at an adequate pace. 

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